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The Latest Breaking News from ICAI

UK aid spending lacks clear priorities and often isn’t value for money, watchdog warns

Aid spent on supporting refugees and asylum seekers in the UK – up to a fifth of the total budget – diverts funding away from the government’s overseas priorities, according to the Independent Commission for Aid Impact

The Independent UK

Starmer government accused of avoiding scrutiny with plans to scrap aid watchdog

Exclusive: Development minister is considering closing Independent Commission for Aid Impact

The Guardian - UK

UK Government draining aid budget with 'broken' asylum hotels policy, watchdog warns

THE UK's shrinking aid budget is being drained by the Government’s prolonged use of asylum hotels — diverting life-saving global development…

The National (Scotland)

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Asylum costs set to take up fifth of UK’s shrunken aid budget, watchdog warns

The Government slashed the UK’s aid budget from 0.5% of gross national income to 0.3% in order to pay for increased defence spending.

The Independent UK

UK should restore diplomatic presence to help Afghan women, says aid chief

Hugh Bayley says NGOs would also benefit as he releases report on impact of UK programme in Afghanistan

The Guardian - UK

CA Inter, Final exam dates rescheduled in view of Lok Sabha polls: ICAI

ICAI reschedules exams due to Lok Sabha elections, with new dates for CA exams in May 2024.

The Hindu

CA exam dates rescheduled in view of 18th Lok Sabha polls: ICAI

The Institute of Chartered Accountants of India (ICAI) has rescheduled its exam dates in view of the Lok Sabha elections. Read further on Dynamite News:

Dynamite News

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UK accused of ‘moving goalposts’ on climate finance commitments

Watchdog says ministers reclassified £1.7bn of existing aid but may still miss promises to poorer countries

The Guardian - UK

ICAI organises convention in Belagavi

Belagavi branch of ICAI organized a convention for start-ups and MSMEs, featuring speakers and discussions on various topics.

The Hindu

ICAI declared CA Final and Inter results, Check for details here

ICAI has announced the results of the Chartered Accountancy (CA) Final and Intermediate examination. Read further on Dynamite News:

Dynamite News

It is surprising ICAI wants to stifle the career of a student with extra acumen, says Karnataka High Court

It would not behove the Institute of Chartered Accountants of India (ICAI) to the status enshrined in the Constitution of India to impose a penalty of delaying enrolment by two years on a student who had studied and completed multiple courses while pursuing CA Articleship by diligently taking prior permissions…

The Hindu

Kalyana Karnataka MSME and Start-up Conclave tomorrow

ICAI's SIRC, in association with KKCCI, to host KK MSME & Start-up Conclave 2023 in Kalaburagi. DC Fauzia Tarannum to inaugurate. Sessions on Branding, Marketing, Start-up Ecosystem, Funding, Food Processing & Agri-Enterprises. Nine eminent personalities to be honoured for excellence in entrepreneurship.

The Hindu

Minister Piyush Goyal ignites economic synergy in Silicon Valley: Unveils US-India trade desk with chartered accountants

In a strategic move to bolster the economic synergy between India and the United States, Minister of Commerce and Industry, Piyush Goyal, convened a meeting with Chartered Accountants from the San Francisco chapter of the Institute of Chartered Accountants of India (ICAI).

Dynamite News

Hosapete to host 55th SIRC-ICAI regional conference

SIRC's 55th regional conference, "Jnana Sampanna-Enlighten and Evolve", to be held in Hosapete, Karnataka. Over 1K CAs from Southern States & UTs to attend. To be inaugurated by CM Siddaramaiah, Ministers & legislators will also be present. Technical sessions on GST, FEMA, IT, etc. SIRC formed by ICAI in 1952,…

The Hindu

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The Independent UK

Britain’s international reputation damaged due to aid cuts and ‘rushed’ merger, says watchdog

It is nothing short of disastrous for those whose lives are supported by UK aid, charity says

The Independent UK

Aid cuts and department merger have harmed UK’s reputation, says watchdog

The Government added to external pressures on the development programme with political turbulence, budget reductions and Brexit, a report said.

The Hindu

Southern council of ICAI gets its youngest chairperson

Divya Abhishek elected Chairperson of SIRC of ICAI for 2023-24; youngest chairperson in history. Pandu Ranga Rao K. elected Vice-Chairperson, Srinivas Rao as Secretary, and Girish K. as Treasurer.

Evening Standard

UK slashes aid to Afghanistan by more than half, says watchdog

It comes as the humanitarian situation continues to worsen in the South Asian nation

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The Independent UK

UK ‘turning back on people of Afghanistan’ as aid slashed by half

The slashing of aid comes as humanitarian situation continues to worsen in the South Asian nation

The Independent UK

UK slashes aid to Afghanistan by more than half, watchdog says

It comes as the humanitarian situation continues to worsen in the South Asian nation.

The Conversation

The UK spent a third of its international aid budget on refugees in the UK – what it's paying for, and why it's a problem

A third of the UK’s international aid budget was spent supporting refugees in the UK in 2022. A new report by the Independent Commission for Aid Impact (ICAI) details the £3.5 billion expense, a threefold increase on 2021, and about 12 times the amount spent in 2015.

The Guardian - UK

Overseas aid budget cut to meet soaring costs of housing refugees in UK

Watchdog finds Home Office reliance on private contracts to house refugees, often in hotels, forced Foreign Office to slice its budget

The Independent UK

Support for refugees in UK cuts aid for disasters overseas, says watchdog

The Independent Commission for Aid Impact says a third of the aid budget goes to asylum seekers and refugees arriving in Britain.

The Guardian - UK

UK aid to India does little for human rights and democracy, watchdog finds

Programme spent £2.3bn between 2016 and 2021 but is fragmented and lacks a clear rationale, report says

The Guardian - UK

UK aid to Afghanistan entrenched corruption and injustice, report finds

Government watchdog says £3.5bn aid in 20 years to 2020 failed to achieve aim of stabilising Afghan government

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